Union Savings Bank Takes $226,000 Position in Fiserv, Inc. (NYSE:FI)

Union Savings Bank purchased a new stake in shares of Fiserv, Inc. (NYSE:FI) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,700 shares of the business services provider’s stock, valued at approximately $226,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Fiserv by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 50,506,740 shares of the business services provider’s stock worth $5,705,241,000 after acquiring an additional 789,232 shares in the last quarter. Massachusetts Financial Services Co. MA acquired a new position in shares of Fiserv during the 4th quarter worth about $960,592,000. Norges Bank acquired a new position in shares of Fiserv during the 4th quarter worth about $874,377,000. Northern Trust Corp lifted its position in shares of Fiserv by 2.7% during the 3rd quarter. Northern Trust Corp now owns 6,416,853 shares of the business services provider’s stock worth $724,848,000 after purchasing an additional 168,286 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in Fiserv by 5.2% in the 3rd quarter. Invesco Ltd. now owns 5,207,615 shares of the business services provider’s stock valued at $588,252,000 after acquiring an additional 258,036 shares in the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the company. B. Riley upped their price target on Fiserv from $176.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Jefferies Financial Group upped their price target on Fiserv from $150.00 to $160.00 and gave the company a “hold” rating in a report on Monday, March 25th. TD Cowen upped their price target on Fiserv from $167.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. KeyCorp upped their price objective on Fiserv from $160.00 to $170.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. Finally, Evercore ISI reiterated an “outperform” rating and issued a $185.00 price objective on shares of Fiserv in a research note on Tuesday, March 26th. Six investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $164.83.

Fiserv Trading Down 0.9 %

Fiserv stock traded down $1.31 during mid-day trading on Thursday, hitting $151.26. 331,172 shares of the company’s stock were exchanged, compared to its average volume of 2,494,129. The company’s 50 day simple moving average is $153.49 and its 200-day simple moving average is $142.77. Fiserv, Inc. has a fifty-two week low of $109.11 and a fifty-two week high of $159.99. The firm has a market capitalization of $88.50 billion, a P/E ratio of 28.52, a PEG ratio of 1.23 and a beta of 0.92. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.81.

Fiserv (NYSE:FI) last released its quarterly earnings results on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.11. Fiserv had a return on equity of 15.73% and a net margin of 16.68%. The firm had revenue of $4.88 billion for the quarter, compared to the consensus estimate of $4.57 billion. During the same quarter last year, the business posted $1.58 EPS. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. On average, equities analysts anticipate that Fiserv, Inc. will post 8.69 earnings per share for the current year.

Insider Buying and Selling at Fiserv

In other Fiserv news, COO Guy Chiarello sold 63,646 shares of Fiserv stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $154.00, for a total value of $9,801,484.00. Following the sale, the chief operating officer now owns 163,699 shares of the company’s stock, valued at approximately $25,209,646. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 111,575 shares of company stock valued at $17,022,387 in the last 90 days. 0.75% of the stock is currently owned by company insiders.

Fiserv Profile

Fiserv, Inc, together with its subsidiaries, provides payments and financial services technology services in the United States, Europe, the Middle East and Africa, Latin America, the Asia-Pacific, and internationally. It operates through Merchant Acceptance, Financial Technology, and Payments and Network segments.